Hackers used Jair Bolsonaro's account to promote a scam crypto token, BRAZIL, sparking concern over the rise of political meme coin scams.

Initial coin offerings are on the rise ... investors from being victimised by what we allege to be an outright scam," Stephanie Avakian, co-director of the SEC's enforcement division, said ...

Imagine scrolling through Facebook, coming across an ad that promises to buy your old coins for a great price ... when he saw such an advertisement. Little did he know, this seemingly harmless ...